Just in the last two days, I found a lot of them, many of which are banks. Here they are:
PSB Holdings Inc. (NASDAQ:PSBH) [they call them social clubs]
Bank of Commerce Holdings (NASDAQ:BOCH)
Home Bancshares, Inc. (NASDAQ:HOMB) [also provide gas for personal cars]
Tupperware Brands Corporation (NYSE:TUP) [also pay for financial & tax planning]
Mercantile Bank Corp. (NASDAQ:MBWM)
FreightCar America Inc. (NASDAQ:RAIL)
Renasant Corp. (NASDAQ:RNST)
Citizens Financial Services Inc. (OTCPK:CZFS)
I have come to the conclusion that country club dues perks are not a red flag; it is extremely commonplace. And as I have mentioned in a previous post, I don't see anything wrong with some of these unusual executive perks as long as both the company and the stock perform extremely well [I'm not necessarily referring to the above].. whatever it takes to retain and attract top executives.
Disclosure: Author does not own any of the above.